Comparison between HDB Financial IPO and Vikran Engineering IPO.
HDB Financial IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vikran Engineering IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of HDB Financial IPO is up to ₹12,500.00 Cr whereas the issue size of the Vikran Engineering IPO is up to ₹772.00 Cr. The final issue price of HDB Financial IPO is ₹740.00 per share and of Vikran Engineering IPO is ₹97.00 per share.
| HDB Financial IPO | Vikran Engineering IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ₹700.00 per share | ₹92.00 per share |
| Issue Price (Upper) | ₹740.00 per share | ₹97.00 per share |
| Issue Price (Final) | ₹740.00 per share | ₹97.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 20 shares | 148 shares |
| Fresh Issue Size | 3,37,83,782 shares | 7,43,29,896 shares |
| Fresh Issue Size (Amount) | up to ₹2,500.00 Cr | up to ₹721.00 Cr |
| OFS Issue Size | 13,51,35,135 shares | 52,57,731 shares |
| OFS Issue Size (Amount) | up to ₹10,000.00 Cr | up to ₹51.00 Cr |
| Issue Size Total | 16,89,18,917 shares | 7,95,87,627 shares |
| Issue Size Total (Amount) | up to ₹12,500.00 Cr | up to ₹772.00 Cr |
HDB Financial IPO opens on Jun 25, 2025, while Vikran Engineering IPO opens on Aug 26, 2025. The closing date of HDB Financial IPO and Vikran Engineering IPO is Jun 27, 2025, and Aug 29, 2025, respectively.
| HDB Financial IPO | Vikran Engineering IPO | |
|---|---|---|
| Anchor Bid Date | Jun 24, 2025 | Aug 25, 2025 |
| Issue Open | Jun 25, 2025 | Aug 26, 2025 |
| Issue Close | Jun 27, 2025 | Aug 29, 2025 |
| Basis Of Allotment (Tentative) | Jun 30, 2025 | Sep 01, 2025 |
| Initiation of Refunds (Tentative) | Jul 01, 2025 | Sep 02, 2025 |
| Credit of Share (Tentative) | Jul 01, 2025 | Sep 02, 2025 |
| Listing date (Tentative) | Jul 02, 2025 | Sep 03, 2025 |
| Anchor Lockin End date 1 | Jul 29, 2025 | Sep 30, 2025 |
| Anchor Lockin End date 2 | Sep 27, 2025 | Nov 29, 2025 |
HDB Financial IPO P/E ratio is 27, as compared to Vikran Engineering IPO P/E ratio of 22.88.
| HDB Financial IPO | Vikran Engineering IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)HDB Financial Services Ltd.'s revenue increased by 15% and profit after tax (PAT) dropped by 12% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Vikran Engineering Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 94.32 | 81.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 74.19 | 56.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 27 | 22.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹61253.30 Cr. | ₹2501.74 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14.72% | 16.63% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.34% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 5.85 | 0.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹27.41 | ₹4.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 16.63% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the HDB Financial IPO Retail Individual Investors (RII) are offered 5,31,14,865 shares while in Vikran Engineering IPO retail investors are offered 5,31,14,865 shares. Qualified Institutional Buyers (QIB) are offered 3,03,51,351 shares in HDB Financial IPO and 1,59,17,525 shares in Vikran Engineering IPO.
| HDB Financial IPO | Vikran Engineering IPO | |
|---|---|---|
| Anchor Investor Reservation | 4,55,27,026 shares | 2,38,76,287 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 3,03,51,351 shares | 1,59,17,525 shares |
| NII | 2,27,63,514 shares | 1,19,38,145 shares |
| RII | 5,31,14,865 shares | 2,78,55,670 shares |
| Employee | 2,70,270 shares | 0 shares |
| Others | ||
| Total | 16,89,18,917 shares | 7,95,87,627 shares |
HDB Financial IPO subscribed 17.65x in total, whereas Vikran Engineering IPO subscribed 24.87x.
| HDB Financial IPO | Vikran Engineering IPO | |
|---|---|---|
| QIB (times) | 58.64x | 20.51x |
| NII (times) | 10.55x | 61.77x |
| Big NII (times) | 12.44x | 70.34x |
| Small NII (times) | 6.79x | 44.62x |
| RII (times) | 1.51x | 11.56x |
| Employee (times) | 6.03x | |
| Other (times) | 4.50x | |
| Total (times) | 17.65x | 24.87x |
